SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2012

Summary Financial Information By Reporting Segment

Summary financial information by reporting segment is as follows:


	Revenue					Operating Income (Loss)
	For the Quarters Ended June 30,					For the Quarters Ended June 30,
	2012		2011			2012			2011
	(Dollars in thousands)
CTU	$	94,859	$	112,061		$	11,515		$	33,973
AIU		78,841		98,031			6,878			26,337
Health Education ⁽¹⁾		75,751		109,825			(67,253	)		3,381
Culinary Arts		58,301		83,259			(4,441	)		13,174
Art & Design ⁽²⁾		40,054		56,676			(46,971	)		7,675
International		21,140		25,151			(2,406	)		2,038
Corporate and Other		20		(125	)		(5,419	)		(7,267	)

Total	$	368,966	$	484,878		$	(108,097	)	$	79,311


	Revenue					Operating Income (Loss)
	For the Years to Date Ended June 30,					For the Years to Date Ended June 30,
	2012		2011			2012			2011
	(Dollars in thousands)
CTU	$	194,774	$	230,126		$	30,560		$	70,261
AIU		167,781		202,305			21,539			53,954
Health Education		166,976		226,134			(79,097	)		15,011
Culinary Arts		121,847		175,032			(4,449	)		26,941
Art & Design		87,722		121,276			(47,860	)		18,070
International		63,969		61,966			10,719			11,793
Corporate and Other ⁽³⁾		34		(261	)		7,122			(7,844	)

Total	$	803,103	$	1,016,578		$	(61,466	)	$	188,186


	Total Assets as of ⁽⁴⁾
	June 30, 2012		December 31, 2011
	(Dollars in thousands)
CTU	$	73,206	$	74,648
AIU		66,871		73,090
Health Education		88,507		149,444
Culinary Arts		204,647		215,318
Art & Design		40,891		88,869
International		253,557		277,140
Corporate and Other		391,148		417,182
Discontinued Operations		20,263		20,429

Total	$	1,139,090	$	1,316,120

(1)

Second quarter of 2012 included a $41.9 million goodwill impairment charge, $1.1 million in asset impairment charges recorded as a result of the decision made in the second quarter of 2012 to teach out several schools and a $1.0 million trade name impairment charge. Second quarter of 2011 included a $2.0 million charge related to the impairment of accreditation rights intangible assets.

(2)	Second quarter of 2012 included a $41.5 million goodwill impairment charge.

(3)

Year to date June 2012 operating income includes a $19.0 million insurance recovery related to the settlement of claims under certain insurance policies. Year to date June 30, 2011 operating loss includes a $7.0 million insurance recovery related to previously settled legal matters and a $1.4 million gain on the sale of real estate.

(4)	Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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